The Impact of Population Aging on the Industrial Value-Added Rate of China

The industrial value-added rate(VAR) is an important index to measure the industrial development level of a country. It will be affected by many factors, among which the gradually increase of the population aging rate is of great importance and will inevitably affect the industrial VAR. This paper conduct an extensive research on the impact of population aging on the industrial VAR, and investigate the effect of population aging on the industrial VAR of labor-intensive industries, capital-intensive industries and technology-intensive industries from different resource concentrations. The results show that the impact of population aging rate on industrial VAR is a quadratic relationship. Above a certain percentage, all types of industries will decline as the rate of aging increases. When the industrial VAR reach its peak point, the labor-intensive industries have the lowest rates of aging and the most technology-intensive ones. In order to promote the continuous increase of industrial VAR, it is an important way to vigorously develop the level of science and technology and increase the total factor productivity.